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Microcap & Penny Stocks : HTEH - Hightec, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (4)	10/14/1999 5:10:00 AM
From: Dee Jay	Read Replies (2) \| Respond to of 17

"vended into" what do you think "vended into" means? It's not an accounting or financial term I am familiar with, at least not with respect to corporate transactions...but having done so Stockett established some astronomical value for whatever he "vended" and thus justifies the amount of shares of stock he received in HTEH - which gave him the 60% ownership he indicates. Let's see - he sets up U S Cement and then has Hightec buy it for whatever value he states U S Cement is worth, whether any other HTEH shareholders agree with that valuation or not, thus perhaps enriching himself in the process at least in terms of the HTEH shares he now owns. What did HTEH get when it "bought" U S Cement? Concepts, business plans, possibilities and potentials, but what are the tangible assets its shares were traded for? Options to lease properties, option to buy a cement plant in Vegas, what??? Similarly, he got Sinclare to "buy" Primm Valley Transit from him; for that transaction he got Sinclare shares. In addition to whatever SNCG shares he got HTEH already owned 20% of Sinclare so he effectively controls that 20% because he now owns 60% of Hightec and his wholly owned IPO-whatever outfit owns another 20%. Thus 2 of his creations of the last year have been folded into companies with publicly traded stock, thus giving him ever greater numbers of shares in each, owned directly or beneficially via his owned-controlled companies. An onslaught of puffery and PR ought to appear soon so as to create interest in these two stocks, in my expectation. But what does "vended into" really mean? In real financial terms that can be written in a prospectus? And where's the announcement of the cement plant purchase having been consummated and closed in September, as was announced August 30? Dee Jay